Hertz was screwing customers by not waiving cancellation fees on prepaid rentals week before the sh– hit the fan. They fired people and then days later laid off entire departments. They're onion-eyed miscreants.
It's already happening
I was told today by Hertz I'm no longer furloughed I am now considered laid off benefits will stop on May 15 3020. I was worried this would happen and I was right. I just didn't expect it to happen so soon. People are already seeing their status... — read more
Bankruptcy
https://www.winknews.com/2020/04/16/reports-estero-based-hertz-could-face-bankruptcy " if forced into bankruptcy, the company would reorganize... " Seems the reorganization already started with the 11k (and possibly counting) layoffs... — read more
Insiders see the end is near
Information from a very high level exec says they see then end coming soon. The $1B in liquidity will not be enough for the creditors come June. Even if they did have the cash flow the execs are not up for the work it will take to build the brand... — read more
Pr-scrip-ions
Anyone else starting to have issues filling their pr-scrip-ions?
BANKRUPTCY Looms
https://nypost.com/2020/04/15/car-rental-firm-hertz-seeks-coronavirus-bailout/amp/ "Hertz Global Holdings, faces a $1 billion-to-$1.5 billion budget shortfall in the coming months ... But the publicly traded car-rental chain only has $1 billion... — read more
Check This Out -
https://nypost.com/2020/04/15/car-rental-firm-hertz-seeks-coronavirus-bailout/
Sh-- rises to the top
All that is left at this worthless company are the a– kissers, bottom feeders and the corrupt. As far as I can tell they deserve each other and will devour Each other before this is over. PS do not blame Corvid-19 for your layoff, blame poor... — read more
To those who got the pink slip at Hertz...
Your darkest days are behind you after leaving Hertz. Though it may appear as a temporary setback, you will realize later that you were fortunate enough to leave a sunken ship. All the best to you and your family.
Executive Cars
How many millions the management team spent on them? Any accountability? Fire the management team, before they take millions with a golden parachute.
Best wishes to all those impacted
3 months from now you will all see that this was the best thing that happened for your career. Stay strong and make connections with those employees who have alread moved on. They can be a great resource for you. Things will get better as dark as it... — read more
Repossess Executive Cars
Maybe if the company didn't give so many people Infinity's, Jaguars, etc. to drive for free they could have kept employees a little longer. Such a waste of resources.
Severed Employees
I am a former employee and left after several years for a better opportunity. I feel bad for anyone losing their job. Based on the grammar in some of these posts I think they made some good decisions on who was severed. My job s—ed because there... — read more
Hertz Corp Jet still operating?
Have the executives stopped using the corporate jet?
Laid off due to covid19
Why is it only non-union employees get a severance!! All employees union and non union deserve severance. How disappointing
11,000 Loyal Employees Gone
Management could have cut the same deal as the airlines to protect employee jobs. They chose not to do that. They're going to try and get through on loans. That way they can "remake" the company. How many 10, 20, 30 year employees were fired... — read more
For those who still have job at Hertz..
Give your best, as many with recent layoff did, but look for alternatives before they remove you so it does not appear to you out of the blue. Telling from experience...
What is the severance?
I'm not among those furloughed or laid off yet, but that doesn't mean I will not be in the next few weeks. I wasn't that worried about the possibility when we were talking strictly about furloughs, but now that layoffs are also in play my stress... — read more
Final Nail on Hertz Coffin
Called Karma. This shows how efficiently that company was managed that hey did not survive liquidity crisis only for a month. CEO foregoing base salary is mere advertisement. Better find another employer than sticking to the dead Hertz. Final nail... — read more
Bad management practice and favoritism
Amazing when you look at who survived the layoffs and furloughs! They selected few favorites who still have jobs. The good ones were let go. Put the management in jail for mismanaging the liquidity, so they did not survive the crisis for a month.
Executive leadership show you what they are really made of
Covid 19 is letting us see what these leaders are really about. How they are reacting to these difficult financial times shows us their true colors. Marinello and Stone lead the path of lies. So much for buying the JD power Award does not help... — read more
Sad Day
~6,200 people no longer work for the company as of today. It is surreal! Unfortunately, the company has to take action otherwise they'll go belly up. At this point I'm not even sure how they will recover, let alone fully. This senior management team... — read more
Cash issues?
is hertz having problems with its cash and liquidity?
Lay-off and furloughs show management favoritism
Wow amazing when you look at who survived the layoffs and furloughs! In California you knew who the selected few favorites were and no surprise they all still have jobs. Troubled waters ahead as you now have incompetent leaders with incompetent... — read more
Why permanently layoff
First want say sorry to folks that got permanent laid off Second I don't get the purpose of going from temp to permanent. Once this dies down your going to have to have staff.
Furlough extended in TX
I am a clerk for the car sales side. I was furloughed and haven’t received a phone call about being laid off. I was told however that at least here the furlough is extended till June 14th.
Layoffs
Let me get this straight. They let go of FMs, VSAs, CSR... But they’re bringing Instant Return back? What sense? The people that “think” for this company are dumber than the customers who think a debit card is a credit card. — read more
I won’t even watch a Hertz commercial after this...
Was told not to worry about anything, to getting furloughed, to laid off. Anyone reading this, don’t go back to work for them when this is all over and they need people again!
Laid off in 2019 and a Severance Payment Question
Good luck all. The grass is greaner. What's the severance this time around? Any changes?
Car Sales
Has anyone received any information regarding layoffs in the car sales division? Have still yet to hear anything. Communication has been non-existent.
Webinar!
Hey Teammates! I work in a location where communication lacks between management. Apparently there are webinars tomorrow. Not asking where you are from, but if you got an invite can you comment your position? Just trying to get an idea of who is... — read more
ALERT!
Did anyone else get a call from Hertz saying Hertz made a decision today which was supposed to come down last week?
Careful
https://www.fool.com/retirement/2020/04/13/collecting-unemployment-benefits-prepare-for-this.aspx
Too Many Chiefs...
There is a reason good companies go under. This is Hertz' out. Good luck everyone, hopefully you've got something lined up!
Update postponed
Just got a letter from Hertz saying they postponed the update furlough update until next week (it doesn’t specify what date). They are also creating a website for hertz furloughed employees. It will be up on April 14th. The website will be... — read more
April 10
Right around the corner. Has anyone heard anything yet?
Hertz can't survive
Over the last several years Hertz has does its best to strip the company of anything of value, from property to talent. In return they took the debt up past 17 Billion dollars. Now they want to attempt to restructure that mountain of debt yet... — read more
Keep the faith!
This too shall pass. This dark cloud will dissipate and the sun will come out again. It is tough now, take care of your family, do the basic things and stay safe. Jobs will return. We will have less money but we'll come out of this stronger as a... — read more
April 30th
Now hearing that it's being pushed back from April 10 to April 30th. I don't know if this is true or not. But once the normalcy begins to return for the economy, so should too the jobs.